$30 Million Public Subsidy for L.A. Live
During a deep budget crisis, business as usual includes subsidies for large, privately financed real estate projects. These practices, just a step up from corruption, not employee salaries and benefits, are one of the true causes for the layoffs and cutbacks at all levels of government . http://www.latimes.com/news/local/la-me-anschutz14-2008jun14,0,4914075.story From the Los Angeles Times Affordable-housing funds earmarked for group with ties to billionaire Anschutz's tony Staples-area project State officials pass over nearly 100 requests for needy neighborhoods to recommend $30 million for improving the area around the L.A. Live entertainment complex. By Patrick McGreevy, Los Angeles Times, June 14, 2008 SACRAMENTO — State officials Friday earmarked $30 million in voter-approved housing bonds for a group with ties to Staples Center owner Philip Anschutz, for sprucing up the street next to his multibillion-dollar entertainment projects in